Premium Self-tanning Products Market Trends Analysis, and By Types Forecasts 2030
Premium Self-tanning Products Market:
Transparency Market Research delivers key insights on the
global premium self-tanning products market. In terms of revenue, the
global premium
self-tanning products market is estimated to expand at a CAGR
of ~6% during the forecast period, owing to numerous factors
regarding which TMR offers thorough insights and forecasts in the global
premium self-tanning products market report.
In this market report, TMR predicts that the exponential
growth in the spending power of the middle class population across developing
countries, popularly trending as Premiumization, is anticipated to have an
affirmative impact on the premium self-tanning products market. Consumers
in developing economies such as India, Brazil, and China are becoming more
attracted to luxury brands and are willing to pay extra for the superior
quality products.
Premiumization of self-tanning products, in term of efficacy
and environment friendliness, is anticipated to be a key factor in the upcoming
years. Sustainability and awareness regarding the environment is anticipated to
have noteworthy influence on the decisions regarding type of materials and active
ingredients used to make both the product as well as packaging. The ability of
market participants to efficiently meet the expectations of their eco-friendly
consumers is likely to drive the premium self-tanning products market in the
forthcoming years.
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In terms of type, the premium self-tanning products market
has been segmented into facial self-tanners and body self-tanners. During the
forecast period, the market is anticipated to be dominated by the body
self-tanning products segment. In the report, based on form, the premium
self-tanning products market has been segmented into gel, lotion, spray, oil,
cream, and others.
Based on ingredient, the premium self-tanning products
market has been bifurcated into natural and organic. The organic segment is
anticipated to expand at a significant growth rate during the forecast
timeline.
In terms of gender, the premium self-tanning products market
has been categorized into male, female, and unisex. The male segment is
anticipated to expand at a higher pace. In terms of distribution channel, the
premium self-tanning products market has been divided into online and offline.
During the forecast period, the online distribution channel of the premium
self-tanning products market is anticipated to expand quickly. Asia Pacific has
seen a surge in the adoption of e-Commerce among consumers, which, in turn, has
increased online retail sales of premium self-tanning products.
Premium Self-tanning Products Market: Prominent Regions
Geographically, Europe led the premium self-tanning products
market in 2019 and the region is expected to retain its dominance during the
forecast period. The U.K. and France are considered the major markets for
premium self-tanning products in Europe. In addition, North America and APAC
are also projected to offer promising growth opportunity for the premium
self-tanning products market. Apart from Asia Pacific, South American provinces
also significantly contribute to the overall growth of the global premium
self-tanning products market.
Premium Self-tanning Products Market: Key Players
The premium self-tanning products market is highly
fragmented with leading players accounting for nearly 35% of
the revenue share. Key players operating in the global premium self-tanning
products market include Luna Bronze, REBLX, TAN-LUXE, Josie Maran
Cosmetics, PZ Cussons Beauty LLP, Tan Towel International Pty Ltd, James Read,
Inc., Islestarr Holdings Limited, Dr. Dennis Gross Skincare LLC, and Lancome.
Global Premium Self-tanning Products Market: Segmentation
Premium Self-tanning Products Market, by Type
- Face
Tanner
- Body
Tanner
Premium Self-tanning Products Market, by Form
- Lotion
- Gel
- Spray
- Oil
- Cream
- Others
Premium Self-tanning Products Market, by Ingredient
- Natural
- Organic
Premium Self-tanning Products Market, by Gender
- Male
- Female
- Unisex
Premium Self-tanning Products Market, by Distribution
Channel
- Online
- e-Commerce
- Company-owned Website
- Offline
- Supermarket/Hypermarket
- Specialty Store
- Flagship Store
- Drug Store
- Others
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